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Economy => Service Discussion => Topic started by: BitCoinNutJob on February 01, 2014, 12:33:38 AM



Title: CampBX Has Been Dropped By Their Bitcoin Fearing Bank
Post by: BitCoinNutJob on February 01, 2014, 12:33:38 AM
http://www.reddit.com/r/Bitcoin/comments/1wog8n/campbx_has_been_dropped_by_their_bitcoin_fearing/


American exchange right?


Title: Re: CampBX Has Been Dropped By Their Bitcoin Fearing Bank
Post by: MicroGuy on February 01, 2014, 12:47:25 AM
http://www.reddit.com/r/Bitcoin/comments/1wog8n/campbx_has_been_dropped_by_their_bitcoin_fearing/


American exchange right?

This exchange in located in the Atlanta, GA vicinity.

My understanding is the exchange has experienced issues with ACH reversals. Maybe that was a contributing factor in the bank's decision.


Title: Re: CampBX Has Been Dropped By Their Bitcoin Fearing Bank
Post by: nitehawk on February 01, 2014, 12:53:09 AM
wasnt there some story about them reversing peoples payments when BTC went up in value i stopped using them when it took them almost 3 month to send me a postal money order


Title: Re: CampBX Has Been Dropped By Their Bitcoin Fearing Bank
Post by: RodeoX on February 01, 2014, 12:57:03 AM
http://www.reddit.com/r/Bitcoin/comments/1wog8n/campbx_has_been_dropped_by_their_bitcoin_fearing/


American exchange right?

This exchange in located in the Atlanta, GA vicinity.

My understanding is the exchange has experienced issues with ACH reversals. Maybe that was a contributing factor in the banks decision.

Campbx didn't accept deposits via ACH.  So if they had reversals, it means they were overdrawn on their bank account.  That is a disturbing claim that you are making.  Do you have any evidence to support your claims?
They were beta testing ACH. Perhaps that drew someone's attention?


Title: Re: CampBX Has Been Dropped By Their Bitcoin Fearing Bank
Post by: MicroGuy on February 01, 2014, 12:59:12 AM
http://www.reddit.com/r/Bitcoin/comments/1wog8n/campbx_has_been_dropped_by_their_bitcoin_fearing/


American exchange right?

This exchange in located in the Atlanta, GA vicinity.

My understanding is the exchange has experienced issues with ACH reversals. Maybe that was a contributing factor in the bank's decision.

Campbx didn't accept deposits via ACH.  So if they had reversals, it means they were overdrawn on their bank account.  That is a disturbing claim that you are making.  Do you have any evidence to support your claims?

Actually the ACH reversals were indirect.

This was reported to me by a company official during a period when they were supported by Dwolla. Basically when Dwolla got an ACH customer reversal they would pass the buck and reverse the customer's CampBX deposits in an attempt to recover funds. Recently, CampBX was telling customers ACH deposits were coming.

Perhaps the bank was concerned about ACH exposure on some level?


Title: Re: CampBX Has Been Dropped By Their Bitcoin Fearing Bank
Post by: RodeoX on February 01, 2014, 01:26:05 AM
http://www.reddit.com/r/Bitcoin/comments/1wog8n/campbx_has_been_dropped_by_their_bitcoin_fearing/


American exchange right?

This exchange in located in the Atlanta, GA vicinity.

My understanding is the exchange has experienced issues with ACH reversals. Maybe that was a contributing factor in the banks decision.

Campbx didn't accept deposits via ACH.  So if they had reversals, it means they were overdrawn on their bank account.  That is a disturbing claim that you are making.  Do you have any evidence to support your claims?
They were beta testing ACH. Perhaps that drew someone's attention?

Could be.  It's hard to believe they have operated under their banks radar for 3+ years.  They have always been a strange case.  In the NYS hearings people said dozens of times there is no US based exchange.  Show's how bad their marketing has been.
Maybe ACH is a bridge to far for the banking industry? I mean if people could move their money between their checking account and their exchange account like they do with their saving account, they may stop using their credit card online or prefer to store their wealth in bitcoins. The walls really start to crumble.
Now a smart banker might realize all the money to be made in secure digital storage, wallet apps, etc. There is a lot of pent up demand for these services now and it's not going away. Banks may be above the law in many ways, and they may believe they are to big to fail; but they are not. No one is immune to change.   


Title: Re: CampBX Has Been Dropped By Their Bitcoin Fearing Bank
Post by: BADecker on February 01, 2014, 02:37:32 AM
FYI. For whatever it's worth, seems to me that CampBX uses the same support system as BTC-e, or it did in the past.

Current support sites for both:

CampBX = https://support.campbx.com/Tickets/Submit;

BTC-e = http://hdbtce.kayako.com/.

Seems to me that in the past, CampBX had a support address = http://campbx.kayako.com/. Actually, this address is still active as of this post, even though the standard link at CampBX if you don't log in is the other one, above. The current CampBX site listed above, if you go there, still looks something like the Kayako site at their http://campbx.kayako.com/ old address.

I wonder what this means?

:)



Title: Re: CampBX Has Been Dropped By Their Bitcoin Fearing Bank
Post by: joesmoe2012 on February 01, 2014, 10:17:14 PM
FYI. For whatever it's worth, seems to me that CampBX uses the same support system as BTC-e, or it did in the past.

Current support sites for both:

CampBX = https://support.campbx.com/Tickets/Submit;

BTC-e = http://hdbtce.kayako.com/.

Seems to me that in the past, CampBX had a support address = http://campbx.kayako.com/. Actually, this address is still active as of this post, even though the standard link at CampBX if you don't log in is the other one, above. The current CampBX site listed above, if you go there, still looks something like the Kayako site at their http://campbx.kayako.com/ old address.

I wonder what this means?

:)



Nothing. Kayako is a help desk portal. Alot of BTC businesses use it.